|Lo concerned over grievances in society
The Chairman of Shui On Group, Vincent Lo Hong-shui, has expressed concern over the grievances in society over the influx of mainlanders to the SAR.
He said many people are worried that welfare, education and medical systems here will become unsustainable because of the rising number of mainland migrants.
Lo also said many people feel the territory no longer belongs to Hong Kong people because of the huge daily influx of mainland visitors, snapping up everything from baby milk formula to beds in hospital maternity wards.
He said he was worried by this rising tide of grievance.
But he doesn't believe the number of mainland visitors should be reduced because of the impact this would have on the half million or so people who work in Hong Kong's retail and tourism industries.
Speaking at a forum, Lo also warned that universal suffrage could end up disappointing many people, as it won't solve most of the problems Hong Kong faces.
He said democracy is no panacea.
On exactly how fast and far democracy should develop in Hong Kong, Lo said a consensus should be reached under the one country two systems principle. --RTHK